DTN Early Word Grains         01/21 07:33
   Row-Crop Markets Trade Demand and Global Crop Weather

   March corn is up 2 1/2 cents per bushel, March soybeans are up 10 1/2 cents,
March KC wheat is up 3 1/2 cents, March Chicago wheat is up 3 3/4 cents, and
MIAX March Minneapolis wheat is up 0.0325 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 1/2 cents per bushel,
March soybeans are up 10 1/2 cents, March KC wheat is up 3 1/2 cents, March
Chicago wheat is up 3 3/4 cents, and MIAX March Minneapolis wheat is up 0.0325
cents.

   CME GLOBEX RECAP: On Tuesday, corn, soybean, and wheat markets closed lower.
Selling in grains spilled over from the same action in outside markets
following increased tensions between the U.S. and Europe over President Trump's
plans to annex Greenland. The President threatened a fresh round of tariff
increases on eight countries if a deal is not reached. Corn, soybean, and soft
red winter wheat basis were stronger, while spring wheat and hard red winter
wheat basis were steady on Tuesday. Wednesday is another slim day for scheduled
ag-related reports, but USDA will release its Bioenergy Statistics update at 1
p.m. CST, which offers an interesting look at recent biofuel production and the
crop demand that follows. Otherwise, after a volatile session on Tuesday,
equity and other outside markets will be tuned in to the World Economic Forum
in Davos, Switzerland, where President Trump is scheduled to speak on Wednesday
amid heightened tensions between the U.S. and E.U. over Greenland.

   OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial
Average down 870.74 at 48,488.59 and the S&P 500 down 143.15 at 6,796.86. The
10-Year Treasury yield ended at 4.295%. Early Wednesday, the March Dow Jones
Futures are down 35 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.16%, spot futures of Germany's DAX are trading
down 0.92%, and the spot futures of France's CAC 40 Index are down 0.32%. Asian
markets are mixed, with Japan's Nikkei 225 Index down 0.41% and China's
Shanghai Composite Index up 0.08%.